Why Live in Twin Falls
Twin Falls captivates residents with Shoshone Falls, known as the "Niagara of the West," which reaches peak flows during spring months. The iconic Perrine Bridge draws spectators who watch BASE jumpers leap into the Snake River Canyon, while the paved Canyon Rim Trail system provides scenic views for walking and biking. Outdoor recreation extends to Dierkes Lake Park for swimming and hiking, plus Centennial Waterfront Park for river activities. The culinary scene features upscale dining at Elevation 486 with canyon views, local craft beer at Koto Brewing Company, and diverse options at 2nd South Market food hall.
The Twin Falls housing market currently has approximately 300 homes available for sale, ranging from $210,000 to $1,173,000. The median sale price sits at $364,300, with median townhome prices at $360,000 and single family homes at $379,000. Two bedroom condos have a median price of $209,700. Property taxes in Twin Falls County maintain a 0.67% effective rate, while Idaho applies a 6% state sales tax plus 0.03% local tax.
The overall cost of living runs 5.2% above the national average. A family with school age children should earn $115,000 annually to live comfortably, budgeting $25,000 yearly for housing and $19,000 for groceries. Renters need approximately $63,000 annual income, with $26,000 allocated to housing and $8,000 to groceries. Gasoline costs $3.692 per gallon, 14% above the national average of $3.243. The semi arid climate brings hot, dry summers reaching the 90s Fahrenheit and cold winters averaging 20 to 40 degrees, with around 200 sunny days annually.
Frequently Asked Questions
What is the average home price in Twin Falls, ID?
Homes for sale in Twin Falls, ID have an average home price of $460,560.
How many homes have sold over the last 12 months in Twin Falls, ID?
890 homes have sold in Twin Falls, ID over the last 12 months.
What are the most popular zip codes in Twin Falls, ID?
How much do you need to make to afford a house in Twin Falls?
The median home price in Twin Falls is $389,950. If you put a 20% down payment of $78,000 and had a 30-year fixed mortgage with an interest rate of 6.31%, your estimated principal and interest payment would be $1,930 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $83K a year to afford the median home price in Twin Falls.
How are the schools in Twin Falls, ID?
Home Trends in Twin Falls, ID
On average, homes in Twin Falls, ID sell after 70 days on the market compared to the national average of 50 days. The median sale price for homes in Twin Falls, ID over the last 12 months is $364,500, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$364,500
Median Single Family Sale Price
$379,900
Median Townhouse Sale Price
$360,000
Median 2 Bedroom Sale Price
$185,000
Average Price Per Sq Ft
$243
Number of Homes for Sale
276
Last 12 months Home Sales
890
Median List Price
$389,950
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
4%
